Hanseatic Management Services Inc. Grows Position in Ubiquiti Inc. (NYSE:UI)

Hanseatic Management Services Inc. grew its holdings in Ubiquiti Inc. (NYSE:UI) by 12.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 384 shares of the company’s stock after buying an additional 41 shares during the period. Hanseatic Management Services Inc.’s holdings in Ubiquiti were worth $127,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Barclays PLC boosted its stake in Ubiquiti by 4,880.2% during the third quarter. Barclays PLC now owns 13,347 shares of the company’s stock worth $2,959,000 after buying an additional 13,079 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Ubiquiti during the 3rd quarter worth $323,000. Algert Global LLC acquired a new position in shares of Ubiquiti during the 3rd quarter valued at about $838,000. MML Investors Services LLC purchased a new stake in shares of Ubiquiti in the third quarter valued at about $327,000. Finally, Semanteon Capital Management LP acquired a new stake in Ubiquiti during the third quarter worth about $599,000. 4.00% of the stock is owned by hedge funds and other institutional investors.

Ubiquiti Stock Down 0.9 %

Shares of UI opened at $406.86 on Friday. The company’s 50-day moving average price is $350.31 and its 200 day moving average price is $254.39. Ubiquiti Inc. has a 12-month low of $104.24 and a 12-month high of $422.92. The company has a current ratio of 2.54, a quick ratio of 1.32 and a debt-to-equity ratio of 2.80. The firm has a market cap of $24.60 billion, a P/E ratio of 62.98 and a beta of 1.14.

Ubiquiti Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were issued a $0.60 dividend. The ex-dividend date was Monday, November 18th. This represents a $2.40 annualized dividend and a dividend yield of 0.59%. Ubiquiti’s dividend payout ratio is currently 37.15%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. BWS Financial boosted their target price on shares of Ubiquiti from $385.00 to $440.00 and gave the company a “buy” rating in a report on Wednesday. Barclays lifted their price target on shares of Ubiquiti from $104.00 to $236.00 and gave the company an “underweight” rating in a research report on Monday, November 11th. Finally, StockNews.com upgraded Ubiquiti from a “hold” rating to a “buy” rating in a research report on Sunday, November 17th.

About Ubiquiti

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.